Appraisal Report for ALP Relinquishment Areas 1 & 2

LOVE APPRAISAL`' INC.
Professional Appraisal Practice (USPAP) adopted by the Appraisal Foundation; the
Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA) published in
2000; and the Statement of Work (SOW) included in the Addenda.
Due to the unique aspects of the appraisal, particularly the reservations and
the perpetual easement interests, it is not always possible to completely comply
with the UASFLA. For example, the comparable sales do not have the "same
economic highest and best use". And, there are no sales available of similar
perpetual easements Per the Statement of Work, "Although the before and after
method of valuation is required by these standards when the government acquires
easements (because it measures what the owner has lost, not what the
government has gained), the use of the before and after method of valuation is not
required when the government sells an easement interest. Agencies are,
therefore, free to consider the value of the easement to the acquirer as well as the
diminution to the government's property by reason of the encumbrance." There is
no diminution to the government property from the proposed sale of the
Relinquishment Areas.
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